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Global Oil & Gas ( (AU:CND) ) has provided an announcement.
Condor Energy Limited has identified a new high-potential prospect, Raya West, in the Tumbes Basin offshore Peru, enhancing the prospectivity of its existing Raya Prospect. The advanced Amplitude Versus Offset (AVO) seismic analysis has confirmed multiple hydrocarbon-bearing sands, significantly increasing confidence in the presence of hydrocarbons and reducing geological risks. Raya West, with more AVO-positive intervals than the existing Raya Prospect, is poised to add substantial volumes to Condor’s portfolio, positioning both prospects as preferred candidates for future exploration drilling.
More about Global Oil & Gas
Condor Energy Limited is a company operating in the oil and gas industry, focusing on exploration and development of hydrocarbon resources. The company is actively engaged in identifying and evaluating potential prospects, particularly in the Tumbes Basin offshore Peru, where it aims to expand its exploration portfolio with high-impact acreage positions.
Average Trading Volume: 1,409,201
Technical Sentiment Signal: Sell
Current Market Cap: A$13.62M
See more data about CND stock on TipRanks’ Stock Analysis page.